IEEFA: Puerto Rico utility’s annual budget deficits persist after 6 years of federal oversight
April 8, 2024
The U.S.-based clean energy think tank warns a potential $2.5 billion bond issue for PREPA could significantly impact the financial burden on households. #Newsismybusiness
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FEMA allocates $74.4M to PREPA for Aguirre Transmission Center repairs
March 26, 2024
The funds to the Aguirre Power Plant are part of nearly $9.5 billion under FEMA’s Accelerated Award Strategy, known as FAASt, approved in September 2020. #NewsismyBusiness
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Costa Sur receives approval for $55M in additional FEMA funds
February 23, 2024
To date, Costa Sur has more than $125 million in FEMA funds under Hurricane María FAASt obligations. #NewsismyBusiness
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Genasys awarded $94M contract to build Emergency Warning System
February 13, 2024
The competitive award granted by PREPA is fully funded by $94.3 million from FEMA. #NewsismyBusiness
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IEEFA: Oversight Board warns Puerto Rico bonds could be worthless
February 7, 2024
In July 2017, the Oversight Board rejected a debt agreement for PREPA, explaining that the deal was not in the best interests of Puerto Rico. #NewsismyBusiness
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FEMA OKs $786M project to replace 1.5M PREPA meters
December 11, 2023
The equipment will feature Advanced Metering Infrastructure. #NewsismyBusiness
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Puerto Rico Energy Bureau approves $647M battery energy storage project
November 10, 2023
The 430 megawatt system is aimed at improving the island grid’s reliability. #NewsismyBusiness
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Study foresees adverse PREPA debt plan impact on Puerto Rico businesses
October 30, 2023
High energy costs threaten food security, jobs and businesses, according to a study commissioned by Supermercados Selectos. #NewsismyBusiness
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USACE, PREPA sign 1st work order for permanent repair of Guajataca Dam
September 14, 2023
With this work order, whose cost exceeds $50 million, the engineering and risk analysis studies of the Guajataca dam project begin. #NewsismyBusiness
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Op-Ed: Solar offers critical path to escape Puerto Rico electricity system’s financial mess
September 14, 2023
The fundamental economics, however, are clear. Renewable energy saves money. Oil and natural gas do not. #NewsismyBusiness
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CNE: Electric grid reconstruction proceeding at ‘relatively slow pace’
September 12, 2023
There seems to be a question as to which modernization plan should be implemented, an analysis by the Center for a New Economy concluded. #NewsismyBusiness
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Op-Ed: Puerto Rico electrical system debt negotiations become more realistic
September 8, 2023
Pension obligations to electrical system retirees are another urgent operating expense left unresolved by the FOMB’s plan. #NewsismyBusiness
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DOE expands loan eligibility for Puerto Rico’s renewable energy projects
July 24, 2023
The Energy Infrastructure Reinvestment program doesn’t require the technology used in projects to be innovative for eligibility for its low-interest loans. #NewsisimyBusiness
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USACE, PREPA sign MOA for $1B repair of Guajataca Dam
July 11, 2023
The funds will be received from Prepa and through FEMA’s Disaster Recovery Funds. #NewsismyBusiness
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Op-Ed: Fiscal plan for Puerto Rico’s electricity system edges closer to reality, IEEFA says
July 6, 2023
The Oversight Board intends to file an amended plan in July to reflect the new projections. #NewsismyBusiness
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